About meLearning TA and posting what I create in order to gauge my success. Follow along and use my analysis as another perspective with other ideas. Be safe, remember to follow risk tolerance and management, and do not blindly follow what anyone posts.
this is a short term play that a creator in my community pointed out to me, personally i believe we will have a slow bleed or a straight capitulation, i’m not expecting a drop in clear waves but just wanted to put this out there.
this just builds off my two previous posts on TRIAS (long and short term)
I do not think we will take the upper path so I only expanded on the downside but the save idea would apply if we did break out
here is my analysis on the macro situation for bitcoin.
using elliott wave, we can see that regardless if a bottom is in or not, this will be the final leg down and that we are going to start a run from here.
elliott wave is able to show me where we are in the market and by using the fib tool, i can get a rough prediction and bounce points.
my targets for the next...
these are the two possible short term scenarios we have for TRIAS,
1. We have completed the correction, the bottom is in and it is time for a reversal, these would mean we break out of the channel and start a 5 wave impulse up, the first levels at around $4.
2. If we do not breakout from this channel right now and start to see more downside, then we MUST put...
this is what we can realistically expect from the next bull run, either $50 target or $111 target.
i could continue charting out trias into the next run but at that point it would be pure speculation,
but I do suspect these targets (50/111) to hit in 2023 then hitting 1-10k (at that point it depends on adoption and such) around 2025.
there are two other probable...
this is what im seeing right now for TRIAS,
I have extended the walls of the trading channel because of the bitcoin pump, the target has NOT changed, however it may be delayed by a few days or weeks.
The paths provided are basically to show that no matter what low time frame pump and dumps we see,
the overall target is still 0.7 - 0.8, this is needed because...
lately ive posted quite a few short term bearish charts but I wanted to show that no matter where you buy here, we are looking at serious gains. the prices ive put in the charts are not exactly what I think we will be at but for it very well could be, depending on the recognition that TRIAS gets,
this will be easy for TRIAS to do though, there are many alts that...
right now trias is making a series of lower highs and lower lows, this makes the general bias a downtrend,
you may ask for how long and how I came to the figures 0.7-0.8.
First, 0.7-0.8 came for simple TA and a combination of what is going on with bitcoin, this is a range we must hit or get close to in order to solidify a bottom.
Secondly, right now...
this is my secondary price path that I think could play out.
I see an inverse head and shoulders which would lead to a nice pump if it plays out, however,
my overall bias is hitting 16k or at least back to 18k-17k, so im guessing we see a pump and then
the final drop to solidify the bottom or we just consolidate until we drop.
i do not have a clear target but this is a trading channel I have identified for VRA,
i would suspect that we would find a bottom at around the same time as trias, right after bitcoin bottoms,
i would guess we get to 0.003 but that is just speculation,
the channel is mostly to just see if VRA is against resistance or not, showing short term forcasts.
this builds on my last post about the bitcoin trading channel,
I would check that out as it is very helpful, but trias could easily act seperatly from bitcoin as btc.d raises as bitcoin drops,
and as btc.d drops as bitcoin finds a bottom.
the green is where I see a potentional bottom, it is where I am buying but could slightly as things move more.
this is a similar scenario to trias, which was provided in my previous post.
I am not sure how long we will be in this channel but it does give us any idea when a breakout is expected and an idea of the grand scheme mid term for bitcoin.
for trias i think we will ride higher in the channel until it crashes right after bitcoin finds its bottom. I dought this is...
this is my price prediction for trias.
I think that we will see a bottom for trias at 0.7-0.8 after bitcoin hits its bottom.
this is because btc.d is so high resulting in a slower bleed in altcoins, once bitcoin's rally starts then trias is allowed to follow.
these are potential paths i can see for the bottom of bitcoin. we have broken the trend line , which could reverse but most likely we are headed to find a bottom. my most probably scenario would be 22k, maybe only a wick but it would stop everyone wanting to long at 20k. the other scenarios could play out but i do not think it is very possible, for those...